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20121001
20121031
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. >> they're two of the most well-recognized journalists in the united states. pioneers and advocates. for more than two decades maria and george have informed million of hispanics through the popular evening newscast. their brand of journalism is characterized not only by subjective and perspectives, but also by a high degree of social advocacy. in the last three decades both have covered a wide range of news and have witnessed history in the making. >> mexico, oh, yes. >> from presidential elections around the world to the most destructive natural disasters. maria has interviewed dictators, revolutionaries, world leaders, heads of state in latin america, and in the united states. she was among the first female journalists to report from the war torn streets of baghdad. george has covered five wars and right after the terrorists attack on september 11th he drove all the way from miami to new york to report on the tragedy firsthand. once he even asked for a vacation to cover the war in afghanistan. an assignment that at the time the network deemed too dangerous. he's had very public e
and the secretary of state then were briefed about the rising threat against the united states. >> brown: let me stay with you, mr. brzezinski. when we look at the ryan-romney... excuse me, the romney-ryan team talking about this foreign policy mess, the unraveling as paul ryan referred to it, particularly including libya and the larger middle east policy, what do you see? what do you make of that? >> well, i'm afraid there is truth in the fact that the position of the united states in the middle east is unraveling. but one has to go back a number of years and ask what has set that process in motion? i'm afraid that the united states simply has fumbled over the years. the unique opportunity it had to shape a more stable and more peaceful middle east. >> brown: what do you mean by that? >> well, first of all, the israeli-palestinian peace issue. you know, today the middle east... the masses are stirring. every public opinion poll tells us the masses have a negative view of american position on that issue because they see the united states as failing to move the peace process forward. i'm afraid t
established a colony in mexico. >> the romneys had left the united states and went to mexico to avoid persecution, but it's also to pursue polygamy. >> narrator: miles romney had five wives and 30 children. >> they built a ranch and he's back in stone age conditions with no money. romney's father is now on the scene. that gets destroyed by guerrillas. they move back to california, poverty again. they build it back up. they move back to salt lake city. they build it back up. romney's whole history of a family is that they knocked us wn bwe built it back up. we didn't make a fortune; we made a bunch of fortunes. and they resented us for our success, but we kept coming back. th's romney's history.'s >> with someone with a name with romney you heard about the sufferings of your ancestors and their sacrifices and all they've done that you feel like, well, it's my turn now; i've got to pick up the baton and run with it. >> narrator: but mitt and his family rarely tell the story to outsiders. >> it's an incredible history. he can't talk about it because it involves polygamy. and so if the co
, and the company warns a trade battle could cost the jobs of thousands of workers in the united states. but, as darren gersh reports, there is growing bipartisan agreement that this is the right time to get tough on chinese cyber-theft. >> reporter: in unusually blunt language the bipartisan leadership of the house committee warned u.s. companies not to buy their broadband networking equipment from z.t.e. and huawei. >> our advice to the private sector is this: your obligation is to consider larger data protection and national security implications of your business decisions and we would not advise doing business with these two companies. >> reporter: washington has become increasingly alarmed by cyber-security threats believed to have been launched from china. cyber theft of american trade secrets is estimated to cost hundreds of billions of dollars a year. >> if huawei wants to do business in the united states, then they've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provi
of oil prices. what we've seen in the united states is oil production in the u.s. is increasing. but due to other factors arou the world and the middle east we're still having higher prices and that's impacting the price of crude. at the moment price of gasoline is below the psychologically important $4 a gallon at the pump in the u.s.. and t as such the price of gasoline as a political issue mht recede inhhe coming weeks. >> susie: actually some people are predicting that by the s election prices at the pump will get down to $3. do you agree with that, and why will it drop so much? i agree the directionally prices will decline and that i think is the key point. i don't know if they will decline as much as $3. it's outside the control of the government. but what we're seeing is th demand for gasoli normally falls seasonly this time of year. and prices for gasoline are offset to decline. however heating oil prices, whether the demand is set to increase. we see prices for heating oil increasing. soit's a mixed bag. >> susie: tell us a little more about the heating oil, because a lot of peo
of then united states. >> question. why can president obama affordfo to be blassee about his pension, michelle? >> i actually though it was funny and he can be blase about it because his pension not sneerly as large as mitt romney's. i think that was the point he was trying to make and it probably did very well with his base. >> well, at 51 he thinks it's a long way in the future as well. but i thought the exchange was a funny exchangeit >> it was funny, yeah. >> but it does point out the hypocrisy on mney's part about china. he's this big tough guy on the campaign trail about china, but he's investing in china at bain and company, he did a lot of work with china, so -- >> well, wait a minute. mort, you have investments in china? >> absolutely. ch you do? >> yeah. i sell magazines in china. least eight people who subscribe to the magazine. >> how come they didn't bail out your magazine? you're only known on the t net. like you, news ek, can you imagine that? newsweek is going to be on neth net. no printed edition. >>it'll reach millions on the net. >> the chinese do not bail out magazines or
to be able to spy on our businesses. let me just say this. last year the united states, pursuant to cyber command, the united states lost over 300 billion dollars of trade secrets. that's $300 billion of trade secrets as a result of cyber attacks. >> brown: but excuse me, but is there... is it the lack of evidence? i mean the lack of them being clear with you or is there evidence that they might do something? >> we also have evidence. we have evidence that the chinese government have been doing it. as far as huiwei is concerned we have gotten a lot of data and information about huiwei but most of our concern is the relationship between their government. >> brown: you heard that the company pushed back pretty hard after this report came out. they accuse... they said little more than an exercise in china-bashing. >> the first thing, we're not masquerading at all national security to do any chinese bashing. that's not what we do as americans. in my message basically and my message to the chairman of huiwei was if you want to do business in the united states the first thing you do is disclose
of the united states. and of western capitalism. it's very, very threatening. and i think that that's why you've had the billionaire class. u know, the minute buack obama -- i would actually say rather gently suggested that the millionaires and the billionaires should pay a little bit more, you had immediate cries of class warfare from the pl yocrats, and very emotional. you know, there was an activi investor who sent an e-mail to his friends, the subject line is, battered wives. and in the e-mail, he compares himself and his fellow multimillionaires to battered wives who are being beat by the president. he actually uses those erds. >> and i thought ird was really interesting, in your book, how you pointed out that bill clinton himself responded to obama's criticism by saying, you know, i would have done it a little bit differently. i think, you know, you can't attack these people for their success. and i think that's very relevant, because if you go back in time it wasn always this way, but i think the shift really begas with clinton and the new democrats. i think after, you know, walter mon
to be the next president of the united states to support and help this great nation. >> ifill: the president's advertising also focused on the thoice voterso face. >> read my plan. compare it to governor romney's and decide which is better for you. it's an honor to be your president. i'm asking for your vote. so together we can keep moving america forward. >> ifill: from here, it's a sprint to november 6. following his afternoon rally, romney headed to colorado. and then back to nevada. and on to iowa tomorrow. the president spends the next two days hittingight states: iowa, colorado, nevada, florida, virginia, illinois, and ohio as well as burbank california for an apearance on the tonightce show. >> woodruff: for more on last night >> woodruff: for more on last night's debate, we turn again to two experts on foreign policy- richard haas, president of then council on foreign relatns. he's in chicago.n and in boston, former u.s. diplomat nicholas burns, now with the kennedy school of government at harvard university. welcome to you both. let me just ask you tstart broadly speaking. what do w
. on the other hand, corporations in the united states are in terrific shape, the united states continues to grow. the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low quality, buy high quality, and buy them on corrections, not after big moves. i would not be surprised if you have a little bit more of a correction right here. >> susie: so let's talk a little more about this correction. it feels like a correction. between what's going on with oil prices going lower, some of these earnings reports that we've been getting. so what are the risks ahead, and is this a buying opportunity? one strategist saying today that he's pretty upbeat because with central banks around the world pouring money into the financial system, it's kind of hard to see that the global economy will fre
closer to the united states and they're not krtable with that because they saw nato and turkey and the united states get together and take out qaddafi and they don't want that to happen again to another ally. last but not least this is also putin's primal fear that if he sets up a precedent of supporting an uprising and the international community to back that uprising, they say what if tomorrow there's a russian spring so he doesn't like what's going on in syria at all. >> warner: what message is turkey sending to russia? russia is a major arms supplier to syria. are they saying you can't use turkish arms space to ship arms in? at least not on passenger planes? and can they enforce it? >> there's a gray area of legality and the turks are enforcing it. they are saying we can do this because it ears our airspace and they're probably acting on intelligence that might have come to them from other places. usually if the turks that has kind of intelligence it's not theirs. and the turks -- >> warner: kind of a nato intelligence? >> that's possible and i think the turks felt comfort
and vice president of the united states. >> both candidates appealed to women voters today, picking up where they left off last night, when one of the townhall voters asked where they stand on pay equities. the president pointed to his 2009 finding of the fairer pay act as an example of his support for women. >> president obama: that's an example of the kind of advocacy we need because women are are increasingly the bread winners in the a family. this is not just a win issy., this is a family issue, a middle c, ass issue, and that's why we've got to fight for it. >> romney taughted his record as massachusetts governor, where he said he went out of his way to recruit women for his cabinet. >> i went to my saff and said, how come all of thend people for these jobs are all men. and they said these are the people who have the qualifications. i said, gosh, can't we find some women that are also qualified. so we took a concerted effort to go out and find women who had backgrounds that could be qualified to become members of our cabinet. i went to a number of women's groups and said can you h
is already decreasing in the united states. increasingly squeezed. you see particularly powerful sectors, finance, oil. i would say the technology sector is going to be next in line getting t lots of governme subsidies. and meanwhile i think you see much less money spent on the things that middle class and the poor need. that's why you have this, you know, full bore attack on entitlements. right? why is the plutocracy so l enthusiastic about cutting entitlement spending. because they don't need it -- >> where was the utrage when the $5 trillion or $6ut trillio in bailouts was coming their way. >> i really worry about that. the other thing that i t worry about is you dodo start actuall stifling economic growth. so you know, if you want my dystopia scenariof the united states is america is moving into a more latin america style economy. a few incredibly rich having just grt lives, and then people at the bottom really struggling. >>e both lived that. we saw that in russia, it happened in the mid '90s. >> you both cut your teeth in journalism covering russia. what do you take away from that
the democratic incumbent has unexpectedly grabbed the lead. >> this the united states senate. mark shields an david brooks >> brown: mark shields and david brooks analyze the weeks news. >> woodruff: and ray suarez previews another political match to watch, thousands of miles south in venezuela, where long- time leader hugo chavez faces a young challenger. >> the election marks a watershed moment for the world's second largest oil producing nation. and a critical supplier of crude oil to the u.s. its number one customer. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: carnegie corp >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: more jobs, less unemployment. the september numbers offered the latest look into the u.s. economy, and the latest fuel for the fight over economic policy in the presidential campaign. it was the kind of news tha
daylight between the united states and israel. >> woodruff: let me turn then to michelle flournoy. how do you respond for the campaign? >> the iran case is a great example of where the rhetoric would suggest huge differences between the president's position and governor romney's position. when you actually look at what romney called for, crippling sanctions, positioning our forces to be ready in the gulf and keeping the military option on the table, that's exactly what president obama has done. and exactly what his record will show. so it's a case of overdrawing the differences rhetorically but then actually not being able to say much about what would governor romney really do differently as commander in chief. >> woodruff: what about peter feaver's point that the decisions made a couple of years narrowed the choices? >> i'm not sure what he's referring to there. i think president obama, one of the things he did at the start of this administration was invest in strengthening our alliances and partnerships that have brought the international community around this strategy. this isn't just
... in a crisis. and that was the next vice- president of the united states, paul ryan. >> woodruff: much of the day's focus was on the vice president's debate statement about the attack in benghazi, libya, that killed the u.s. ambassador and three other americans last month. >> we weren't told they wanted more security again. we did not know they wanted more security again. and by the way, at the time, we were told exactly... we said exactly what the intelligence community told us that they knew. >> woodruff: but at a congressional hearing a day earlier, a state department official acknowledged that she declined requests for more security in benghazi. and at the debate, ryan charged the administration failed in a critical duty. >> our ambassador in paris has a marine detachment guarding him. shouldn't we have a marine detachment guarding our ambassador in benghazi, a place where we knew that there was an al qaeda cell with arms? this is becoming more troubling by the day. they first blamed the youtube video; now, they're trying to blame the romney-ryan ticket for making this an issue. >>
, earlier today here in boca ra tone. >> the united states foreclosures in general are looking better. month over month, year-over-year, we're down significantly, 16% i think year over year. but we're seeing ahe strong bifurcation along the lines of judicial versus nonjudicial states. >> explain to us, explain the difference and why th's's important when it comes to fore-- foreclosure. >> the difference between those is in judicial states you require a judge in a courtroom to approve the foreclosure and of course the reason why you see the bottleneck therepo is in those states is because the ofhe delay and investigations in lawsuits, changes in the rules and procedures required to do those changes. the problem of course then is that in those states, florida, for example, we're seeing foreclosure goes up because they were backlogged for so long. so in florida foreclosures are up, 24%, year-over-year and 11 months of increases meaning this is not just a blip on the radar screen. >> this is a state in florida, where we are, where the economy comes together as a political issue, foreign affairs
about weakness, the weakness is everywhere else but the united states, which highligers the united states possibly being the one beacon of hope. and that's where companies need to reinforce there strength in. >> reporter: companies are also tryins to boost earnings by cutting costs and selling non- essential assets. others are using the weakto quarter as an opportunity to clean up their balance sheets. >> everything but the kitchen sink. you are going to take every write-down, every mark down, everything that you can. get it out of the way, so you look better in the following quarter. >> reporter: but hopes are fading for a strong finish to the year. of the companies that have provided earnings guidance for the fourth quarter, 22 have been negative and only two ha been positive. >> companies are already warning us not to expect too much from them for the fourth quarter. we've received the most negative guidance since we started collecting this data in history. >> reporter: the weak global ecomy isn't just bad news for big multinational firms; it is forcing many to tighten their bel
situation in the united states. and here at the are on the eve of the presidential election getting their voices heard, certainly. let's get going with tonight's "market focus." the major indices squeezed out some small gains after the sharp losses si e late last week.s the s&p 500 started strong with the market focused on the strong durable goods report for september and the drop in first time unemployment insurance filings last week. but those gains disappeared by noon eastern time; the index finished with a small gain. trading volume was 695 million shares on the big board; 1.94 billion on the nasdaq, the energy sector led the way, up nine tenths of a percent. health care rebounded eight tenths of a percent. and helped by procter & gamble, the consumer staples sector gained six tenths of percent. a pair of independent energy companies helped that sector, even though they both reported weaker than anticipated quarterly earnings.s oil and natural gas producer eqt rallied 4.7%. while earnings came up short, production sales volumes were up double digits. higher sales volumes also he
in the united states and by some measures, exceeds $1 trillion. in a new "time" magazine poll-- conducted with the carnegie corporation-- 80% of thoseurveyed said mansay colleges are simply not worth the cost. 89% said higher education is in crisis. president obama has responded by touting his expansion of the federal pell grant program, as he did again today in manchester, new hampshire. the granite state has an average of almost $35,000 in student loan debt-- highest in the countr >> today, because of the actions my administration took, millions of students all across the country are paying less for college. we took a system that was wasting tens of billions of dollars on banks and lendersg we said, let's cut out the middle man. give the money directly to the students and as a consequence, young people are getting a better deal. >> woodruff: romney claims the additional federal aid actually prompted colleges toaise tuition. he has said that he thought the president increased pell grants too much.s but in tuesday's debate, romney said he wanted to grow the program's funding. meanwhile, d
rates that existed in the united states at the height of the great depression. in the african-american community in north carolina. >> brown: he has decided to sit out the presidential vote >> i'm going to vote for the other offices on the ballot but i'm just not going to cast a vote for the presidency >> brown: you're not? no brown: you feel okay i feel okay about it. my wife tells me i'm crazy. >> ready to go brown: no doubt octave i can't rainy thinks he's crazy too >> you have to vote for people who support our issues. >> brown: a community organizer working with a group called democracy north carolina, rainy walks the streets for hours every weekend, even on this dreary wet saturday, in her college park neighborhood of raleigh. she knows things are bad here. but firmly believes the president is helping make them right. >> it's just like being in a marriage. when you're having problems in a marriage you have to work at it. change don't come overnight. if you are devoted and committed change will come. i do believe that the next four years will be even a bigger change. >> b
in the united states? you'll still get to diversity if you didn't use race and used socioeconomic. >> there was a period in texas when a lower court struck down the consideration of race and texas could only have the top 10% plan. under that plan, the freshman class at u.it. , only had 4.fooich% african americans, dean 11%, 12%, 13% graduation rate from high school. there was a measurable and appreciable gap that led to students on campus feeling racially isolated and feeling like they were spokespeople for their race, that there weren't other students like them. that inhibited the cross-racial interacts and learning from one another that is is the educational goal. texas, having had that experience, decided to add on this additional piece to try to get more benefits from the goal of diversity. >> suarez: quickly, mr. kahlenberg, if abigail fisher prevails, what would face incoming freshman classes over the next several years? >> well, i think the research suggests that if abigail fisher prevails, we will see universities pursue a better kind of affirmative action, one that gets a
is affecting weather in the united states." but it's impossible to truly grasp this reality unless you can see it with your own eyes. that's the beauty of what my guest james balog is doing. earth, he says, is having a fever. so five years ago, he created the extreme ice survey, combining art and science to tell the story of a planet in peril. risking life and limb, this photographer and filmmaker, mountaineer, author and prophet has gone to the top of the world to show us overwhelming evidence of what we're doing to the environment. his discoveries are in this magnificent new book, "ice: portraits of vanishing glaciers" and in the feature length documentary "chasing ice," soon to be released. here's an excerpt from its trailer. >>> it all started in iceland. i think i'm so certain to get wet i'll take my boots off. i never imagined that you could see glaciers this big disappearing in such a short time. there's a powerful piece of history that's unfolding in these pictures, and i have to go back. the initial goal was to put out 25 cameras for three years, shoot every hour as long as it was day
of the united states. yet, segura says, immigration remains an enduring front-burner issue, even as foreclosures and unemployment in latino families spid, and bspone estimate, the timmunity lost two thirds of its household wealth in the recession. >> they might have been born in the united states, but their co- worker, their brother-in-law,ts their neighbor down the street, the identity with immigration is much, much more proximate. >> suarez: but bettina inclan says the romney campaign is placing a priority on economic issues as it reaches out to latinos. >> they care about jobs, they care about the american dream and how, under this administration, it's become a little bit harder achieve that american dream. >> i think you could get into trouble as a campaign if you ly looked at the polling that said, "look, they didn't rank it very high so it must not be very important." >> suarez: both candidat are s.king their closing stateme >> this party is the natural home for hispanic americans.s. >> we are a nation of strivers and climbers and entrepreneurs, the hardest-working people on earth. and nob
of the united states is huge. it's $3.6 trillion, right? and in there arall sorts of deals to favor one industry or one company or one segment of the society. last year the government took in $1.3 trillion in tax revenue but the treasury adds up the t value of all the loopholes, deductions and credits and they amounted to $1.1 trillion. sothey gave away almost as much money as they collected.ga >> reporter: largely says wessle because over a nice lunch lobbyists can convince lawmakers to change the tax code. >> someone says, you know, the law isn't really clear on this facet or the tax court has ruled this and if we could just get a piece of legislation in that would clarify this it would be in my interests and, by the way, congressman, i was so happy to see you at your fund-raiser last night. >> reporter: well, it can't be that blatant! >> it's rarely that bald a transaction, but occasionally it is. but you are naturally more likely to have lunch here with meone who's raised money for your campaign than someone who turned down every invitation. >> reporter: so tax cutting for citizens and busin
of international law or violations of treaties of the united states. this is oal business. the court heard arguments last term on whether corporations could be held liable under that statute. then it later ordered reargument on a broader question. that is whether these cases can be brought in u.s. courts against any defendant who committed a violation in a foreign country. and today the court heard arguments on that. it's hard to tell. it seemed a number of justices were not happy with business' approach which is to say there is no extra territorial application of this law, period. and yet also we're not too crazy about the human rights groups' argument that federal courts should be open to cases where there's absolutely no connection to the united states. >> brown: so what are the stakes? you've got... the stakes for business clearly doing business abroad. and there are stakes for human rights law application. >> right. business looks at these cases as very costly to defend. they don't like to be labeled either correctly or not correctly as human rights violators. they want to see them en
the soviets in afghanistan going back more than 20 years. the united states and the saudis and others provided assistance mostly through the pakistanis. there were several rebel elements some of which we would describe as hard-line islamists. they happened to be the most effective fighters against the soviets. we shouldn't be surprised if in a situation like syria, some of the groups that we would describe as hard-line islam i haves are some of the more effective fighters but basically we have a very confused situation on the opposition side. we have something called the free syrian army bull it's not really an army. that's sort of an umbrella term we've applied to a motley set of groups that run the whole gamut from jihaddist to those we might be more comfortable with politically >> suarez: but didn't that same experience -- arming the resistance against the soviets in afghanistan -- become the petary dish from which grew al qaeda? >> it did in a sense even though there wasn't u.s. assistance going directly to what became al qaeda, you had a group like a militia which now we think of them as
the united states. the storm hit new jersey hard, but the state makes it easy to vote early by mail, and that makes it unlikely the storm will keep many from sending in their ballots. new york does not offer early voting, giving officials there time to recover by election day. in the key swing state of virginia, election offices in 55 unties were up and running today. just nine remain closed and those are expected to reopen soon.un the virginia secretary of state has asked local election officials to extend absentee voting hours through saturday. sandy has not disrupted early voting in ohio, a state expected to prove decisive in the election. but if you need a daily fix of polling data, you are in for a letdown. millions of voters along the mid-atlantic and northeast arepo in cleanup and recovery mode, and pollsters know the last thing they'll be thinking about is answering a call about the election. gallup is suspending it's daily tracking poll, and others say it will be difficult to reach a representative sample of voters needed to get a good read on the race. as for whether sandy
that violence against women and kids is a big problem in the united states, but it's a big problem around the world. and we had a chance during the beijing conference in 1995 to put the issue of violence in the platform of action. when secretary of state clinton gave her speech in beijing, she said, "women's rights are human rights. but if they are being beaten and abused, they're never going to actualize it." >> belva: the current campaign, where you are really trying to get to teenagers and the word respect is in it. how does that play out with these young people? >> part of what we're trying to do is get people to really have a conversation about healthy relationships, and healthy relationships are based on mutual respect. so, respect is fundamental to any relationship that has open communicati communication, empathy and is not filled with control and battery. >> belva: do you get teens to buy in? >> we absolutely do. we absolutely do. we had a wonderful teen summit in boston where we had hundreds of teenagers, facing it, not facebooking it and having a conversation about, if they're g
? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt mortgage backed securities bubble were created, in part, by some pretty flamboyant types of misconduct n. this action which we filed yesterday against j.p. morgan chase really for the activities of bear sterns and companies they purchased later is one of the most flamboyant examples of fraud we've seen in this area. this involved a scheme from 2005 to 2007, and it's not a case as many have been, about one deal or 5 deals. it's the entire force of business. essentially the core promise they made to investment oshz was that they could buy the mortgage backed securities because they had rigorous systems in place to check on the quality of the loans. >> tom: you've called this systemic fraud. what about the originators of the original mortgages. bear stearns was packing them in securities but others were giving out the
to be a good investment. we'll unleash the power of the energy complex of the united states, become energy independence. there will be a lot of winners in the energy complex f there is a change in administration. >> real quickly, jobs was another big topic last night. we have the jobs report coming out tomorrow. it is expected the unemployment rate is going to go a little bit over 8%. what impact will that have on our markets tomorrow and on the election? >> it's amazing this is probably one of the last ones we get to focus on before election. there will be one more before november 2 but as we look at tomorrow's jobs reports it could go either way it is hard for this no to-- number to disappoint the market because we already have monetary policies, i think an upside number would be better for the president, the downside better for the challenger. so we will keep a close eye on that. >> susie: all right that number comes out at 8:30 eastern time tomorrow morning. we'll see what happens. art hoggan, managing director and strategist at lazard capital managements >> reporter: i'm erika miller
in the united states, so much in evy headline coming out of europe. >> should we be more concerned about what is going on in china, especially with the news that came out today, that the economy is slowing down, and just keeps coming down, down, now the economy is growing gdp at 7.4%. and i just keeps coming down every single quarter. is that a bigger concern for the u.s. economy and u.s. investor? j >> look, chinese economy, no doubt matter to the global economy. 30% of global economic growth comes from china. so a china slowdown matters from the u.s. perspective is different, what i mean by that isomes, gdp growth for the last quarter was at 7.4%. having said that, we think china has staed to turn the cornerwhen itit comes to seeing some growth. but it's to the going to be the same speed that it turned the corner for the last recovery. most likely china is going to continue to grow around 7 to 8%, not at 10% it used to grow. from the u.s. perspective what we care about is what is going to be the engine of growth going forward which in our eyes going to be consumption. that bears well for am
on these changes to the law before they were introduced in state houses across the country. >> the united states of alec. and -- >>> we had a drum roll of media attention that said if you don't stop and watch the debates that night you're really missing out on an important cultural moment. >> announcer, funding is provided by, carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org." anne gumowitz. the betsy and jesse fink foundation. the hkh foundation. barbara g. fleischman
$Ñ president of the united states on the same stage at the same time talking aboutÑi the same things, and you can judge them, not just on content-- because by then people know about lock boxes and social security and all those issues. they want to take a measure of the person. i mean, do you like this guy? is he tell the truth? all that kind of stuff. and you see them right there together, it's a huge test. >> brown: you write about the preparation, the period, the tension for you leading up to it. at one point you say, "you learn thatting dealing with nervesçó s the key to being able to function effectively." >> lehrer: the first step, the must step is you've got to be prepared and preparation means not so you can write the greatest questions in the world but because so you can listen in some comfort zone to the answerr and make a decision, split-secondistition, that could affect all kind of things, including the outcome of an election, whether to follow up on this-- >> brown: and you're aware of that all the time. >> all the time, all the time. the way i get into my comfort zone is as i s
president of the united states of america. and i'm happy about that. >> reporter: vice president biden talked up the president's economic ideas before crowd in marion, ohio. i >> folks, here's the deal, when the middle class is doing well, everybody does well. the poor have a way up-- they got a ladder up-- and the wealthy do very, very well. d we've created a lot of millionaires. and it's a good thing, not a ba thing. but that's how you do it. you don't grow from the top down. >> reporter: at roughly the same time, republican vice presidential nominee paul ryan was also addressing poverty 120 miles away, in cleveland. >> so what is the alternative approach that mitt romney and i are offering? well, to hear some tell it, we think everybody should just fend for themselves. that's just a false argument. it's a straw man set up to avoid a genuine debate. the truth is mitt romney and i believe in true compassion and upward mobility. and we're offering a vision based on real reforms for lifting people out of poverty. >> reporter: a new wave of t.v. ads also debuted in key states. the pro-ro
as emissaries all the time, to other countries if you're the president of the united states, for interstate deals, deals with businesses, things like that. r ability to hitlithe righti note with protocol is an important quality. >> ifill: the handling of disasters is a leadership test as much as anything else is what you're saying. >> absolutely. i think candidates spend a lot e, particularly presidential candidates obviously trying to tell people why they should be elected, why they should have that job. this is an opportunity to show why you should have that job particularly for the incumbent president obama, he gets a chance to show it. even mitt romney is able to telegraph messages abgut how he would lead if he were in power simply byhat he does during a crisis like this.ha >> ifill: and yet there is a lot still going on behind the scenes. i assume that these guys aren't sitting here a week out and until let's just wait this passes. >> that's right. while president obama has been off the campaign trail and mitt romney converted a campaign event today into a rereef event, their surrogate
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